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Thompson Creek announces appointment of Chief Financial Officer

2008-07-29 14:12:00

Thompson Creek announces appointment of Chief Financial Officer

                  NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R



    TORONTO, July 29 /EMWNews/ - Thompson Creek Metals Company

Inc. ("the Company"), one of the world's largest publicly traded, pure

molybdenum producers, today announced that Pamela L. Saxton will join the

organization as Consulting Financial Executive effective August 4, 2008 and

will become Chief Financial Officer and Vice President, Finance later this

year in conjunction with the move of the Company's 10-person finance

department from Vancouver, British Columbia to the Company's principal

executive office in Denver, Colorado.



    The current finance employees, including Derek Price, the Company's

Vice President, Finance and Chief Financial Officer, have chosen not to

relocate to Denver and have agreed to remain with the Company and work

closely with Ms. Saxton through the transition.



    Kevin Loughrey, Chairman and Chief Executive Officer, stated: "The

Company's existing finance function was built by Derek Price when Thompson

Creek and Blue Pearl Mining Ltd. merged in October 2006. Derek Price and

his entire finance team have done exceptional work for Thompson Creek

during our formative stage as a public company. I would like to express my

appreciation to each of them for their dedicated efforts and for their

assistance in this transition period.



    "We are very pleased to welcome Ms. Saxton to our management team and

look forward to working with her. She brings to Thompson Creek significant

financial management experience and an effective style of management that

should ensure strong financial reporting throughout our operations," Mr.

Loughrey said.



    Ms. Saxton joins Thompson Creek with over 30 years of domestic and

international finance and accounting experience within and outside the

mining industry. She was previously Vice President, Finance - U.S.

Operations for Franco-Nevada U.S. Corporation, located in Highlands Ranch,

Colorado.



    Prior to joining Franco-Nevada in 2007, Ms. Saxton was the Vice

President and Chief Financial Officer of Colorado-based NewWest Gold

Corporation. From 2004 to 2006, she was with First Data Corporation as Vice

President and Controller - Payments Division in Englewood, Colorado. Ms.

Saxton also served as Vice President Finance, Corporate Controller and

Chief Accounting Officer of J.D. Edwards & Company in Denver from 1994 to

2003. Prior to that, she was Vice President and Controller of Amax Gold,

Inc. and Assistant Controller of Cyprus Amax Minerals Company from 1987 to

1994.



    Ms. Saxton holds a Bachelor of Science in Accounting from the

University of Colorado in Boulder. She is a member and past Chair of the

Board for the Colorado Association of Commerce and Industry and a member of

the Board of Advisors to the Business School at the University of Colorado

at Denver.



    About Thompson Creek Metals Company Inc.



    Thompson Creek Metals Company Inc. is one of the largest publicly

traded, pure molybdenum producers in the world. The Company owns the

Thompson Creek open-pit molybdenum mine and mill in Idaho, a metallurgical

roasting facility in Langeloth, Pennsylvania and a 75% share of the Endako

open-pit mine, mill and roasting facility in northern British Columbia.

Thompson Creek is also developing the Davidson Deposit, a high-grade

underground molybdenum project near Smithers, B.C. The Company has

approximately 800 employees. Its principal executive office is in Denver,

Colorado, and it has other executive offices in Toronto, Ontario and

Vancouver, British Columbia. More information is available at

http://www.thompsoncreekmetals.com.



    Cautionary Note Regarding Forward-Looking Statements



    ----------------------------------------------------



    This news release contains "forward-looking information" within the

meaning of the United States Private Securities Litigation Reform Act of

1995 and applicable Canadian securities legislation which may include, but

is not limited to, statements with respect to the timing and amount of

estimated future production. Often, but not always, forward-looking

statements can be identified by the use of words such as "plans",

"expects", "is expected", "budget", "scheduled", "estimates", "forecasts",

"intends", "anticipates", or "believes" or variations (including negative

variations) of such words and phrases, or state that certain actions,

events or results "may", "could", "would", "might" or "will" be taken,

occur or be achieved. Forward-looking statements involve known and unknown

risks, uncertainties and other factors which may cause the actual results,

performance or achievements of Thompson Creek and/or its subsidiaries to be

materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Such factors

include those factors discussed in the section entitled "Risk Factors" in

Thompson Creek's current annual information form which is available on

SEDAR at http://www.sedar.com and is incorporated in its Annual Report on Form

40-F filed with the United States Securities and Exchange Commission which

is available at http://www.sec.gov. Although Thompson Creek has attempted to

identify important factors that could cause actual actions, events or

results to differ materially from those described in forward-looking

statements, there may be other factors that cause actions, events or

results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are made as of the date of this

news release and Thompson Creek does not undertake to update any such

forward-looking statements, except in accordance with applicable securities

laws. There can be no assurance that forward-looking statements will prove

to be accurate, as actual results and future events could differ materially

from those anticipated in such statements. Accordingly, readers are

cautioned not to place undue reliance on forward-looking statements.



    Readers should refer to Thompson Creek's current annual information

form which is available on SEDAR at http://www.sedar.com and is incorporated in

its Annual Report on Form 40-F filed with the SEC which is available at

http://www.sec.gov and subsequent continuous disclosure documents available at

http://www.sedar.com and http://www.sec.gov for further information on mineral reserves

and mineral resources, which is subject to the qualifications and notes set

forth therein.



    CONTACT: Wayne Cheveldayoff, Director of Investor Relations, Thompson

Creek Metals Company Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992,

[email protected]; Dan Symons, Renmark Financial Communications Inc.,

Tel.: (514) 939-3989, [email protected]





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